Hni Corp Stock Market Value
| HNI Stock | USD 45.22 0.74 1.66% |
| Symbol | HNI |
HNI Corp Price To Book Ratio
Is HNI Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of HNI Corp. If investors know HNI will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about HNI Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 8.597 | Dividend Share 1.28 | Earnings Share 1.42 | Revenue Per Share 55.401 | Quarterly Revenue Growth 0.227 |
The market value of HNI Corp is measured differently than its book value, which is the value of HNI that is recorded on the company's balance sheet. Investors also form their own opinion of HNI Corp's value that differs from its market value or its book value, called intrinsic value, which is HNI Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because HNI Corp's market value can be influenced by many factors that don't directly affect HNI Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between HNI Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if HNI Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, HNI Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
HNI Corp 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to HNI Corp's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of HNI Corp.
| 04/26/2024 |
| 05/26/2024 |
If you would invest 0.00 in HNI Corp on April 26, 2024 and sell it all today you would earn a total of 0.00 from holding HNI Corp or generate 0.0% return on investment in HNI Corp over 30 days. HNI Corp is related to or competes with Acacia Research, Broadridge Financial, BrightView Holdings, First Advantage, Franklin Covey, LegalZoom, and Mistras. HNI Corporation, together with its subsidiaries, manufactures and sells workplace furnishings and residential building p... More
HNI Corp Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure HNI Corp's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess HNI Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.43 | |||
| Information Ratio | 0.056 | |||
| Maximum Drawdown | 6.91 | |||
| Value At Risk | (2.19) | |||
| Potential Upside | 2.44 |
HNI Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HNI Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HNI Corp's standard deviation. In reality, there are many statistical measures that can use HNI Corp historical prices to predict the future HNI Corp's volatility.| Risk Adjusted Performance | 0.0584 | |||
| Jensen Alpha | 0.0669 | |||
| Total Risk Alpha | 0.0251 | |||
| Sortino Ratio | 0.055 | |||
| Treynor Ratio | 0.089 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of HNI Corp's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
HNI Corp Backtested Returns
We consider HNI Corp very steady. HNI Corp holds Efficiency (Sharpe) Ratio of 0.0681, which attests that the entity had a 0.0681% return per unit of risk over the last 3 months. We have found thirty technical indicators for HNI Corp, which you can use to evaluate the volatility of the firm. Please check out HNI Corp's Market Risk Adjusted Performance of 0.099, semi deviation of 1.31, and Risk Adjusted Performance of 0.0584 to validate if the risk estimate we provide is consistent with the expected return of 0.0949%. HNI Corp has a performance score of 5 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 1.31, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, HNI Corp will likely underperform. HNI Corp now retains a risk of 1.39%. Please check out HNI Corp semi variance, day typical price, and the relationship between the maximum drawdown and accumulation distribution , to decide if HNI Corp will be following its current trending patterns.
Auto-correlation | -0.71 |
Almost perfect reverse predictability
HNI Corp has almost perfect reverse predictability. Overlapping area represents the amount of predictability between HNI Corp time series from 26th of April 2024 to 11th of May 2024 and 11th of May 2024 to 26th of May 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of HNI Corp price movement. The serial correlation of -0.71 indicates that around 71.0% of current HNI Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.71 | |
| Spearman Rank Test | -0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.59 |
HNI Corp lagged returns against current returns
Autocorrelation, which is HNI Corp stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting HNI Corp's stock expected returns. We can calculate the autocorrelation of HNI Corp returns to help us make a trade decision. For example, suppose you find that HNI Corp has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
HNI Corp regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If HNI Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HNI Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HNI Corp stock over time.
Current vs Lagged Prices |
| Timeline |
HNI Corp Lagged Returns
When evaluating HNI Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HNI Corp stock have on its future price. HNI Corp autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, HNI Corp autocorrelation shows the relationship between HNI Corp stock current value and its past values and can show if there is a momentum factor associated with investing in HNI Corp.
Regressed Prices |
| Timeline |
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Check out HNI Corp Correlation, HNI Corp Volatility and HNI Corp Alpha and Beta module to complement your research on HNI Corp. For more detail on how to invest in HNI Stock please use our How to Invest in HNI Corp guide.You can also try the Stocks Directory module to find actively traded stocks across global markets.
Complementary Tools for HNI Stock analysis
When running HNI Corp's price analysis, check to measure HNI Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy HNI Corp is operating at the current time. Most of HNI Corp's value examination focuses on studying past and present price action to predict the probability of HNI Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move HNI Corp's price. Additionally, you may evaluate how the addition of HNI Corp to your portfolios can decrease your overall portfolio volatility.
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HNI Corp technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.